Tuesday, July 24, 2007

UPDATE 1-Japan trade surplus jumps on solid exports

(Reuters) - Imports rose a less-than-expected 10.7 percent, with the
nation's trade surplus rising 53.4 percent to 1.23 trillion yen,
far above a consensus market forecast for 948.5 billion yen.




"Exports were stronger than expected. In terms of
year-on-year changes, export growth seems to have hit bottom in
March-April and perked up gradually in May and June, in tandem
with a recovery in the U.S. manufacturing cycle," said Yoshimasa
Maruyama, an economist at BNP Paribas.


Read more at Reuters.com Economic News

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